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Answer the following questions regarding direct, sterilized and nonsterilized intervention. a. If most countries in Europe experience a recession, how might the European Central Bank

Answer the following questions regarding direct, sterilized and nonsterilized intervention.

a. If most countries in Europe experience a recession, how might the European Central Bank use direct intervention to stimulate economic growth? (10 points)

b. What is the difference between sterilized and nonsterilized intervention?

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